Jan 1, 2013 11:00pm PST
into law have failed anyway if you hadn't? >> there is no question but that a number of places where we went in and invest it, we were investing in an enterprise that was in trouble. with the future was very much in doubt for it and we invested in one business that lost 50 or $60 million more the year before we invested and a lot of people didn't want to touch it. we were able to go in there with the current management team, helped get the business back on track. the managers' training but they were able to turn it around as a success and it is still around today doing quite well. provides jobs for a lot of people. the idea that somehow making a business profitable is different than helping people is really a foreign idea because the whole american free enterprise system is associated with creating success, making business is profitable. they can hire more people and growth. every investment that i made while i was responsible for an investment firm, every investment was designed to help the business grow and to become more successful. >> up next, one of my most frustrating interviews.